This Consultation Paper is most relevant to public and private organisations that currently use or may consider using captive insurance, captive managers and other outsourced service providers, corporate risk managers, as well as insurance and reinsurance intermediaries. The consultation closes on 14 October 2026 – with implementation expected in mid-2027, when the PRA publishes its final rules and policy material.

In this second edition of its captives survey, Airmic continues to seek better understanding of the priorities and experiences of our members. New areas covered in this iteration of the survey include captives governance and access to reinsurance.

Supply chains across industries are facing systemic vulnerabilities driven by geopolitical conflict, shifting trade policy, extreme weather, and surging costs. These pressures are causing cascading challenges that can extend lead times, disrupt operations, and even delay on-time delivery of lifesaving medicine, in the case of life sciences. Despite nuances in how risks manifest across different industries, having visibility deep into the supply chain is foundational, especially since senior leaders cannot manage what they are unable to see.

The 2026 FM Resilience Index ranks 130 countries and territories using 18 factors to assess how macro and physical risks affect business resilience. Denmark remains the most resilient country, while mixed gains and declines reflect pressures from inflation, cybersecurity gaps, and climate risk across regions. The index spotlights key trends – water stress, fire risk, energy intensity, and climate awareness gaps.